PICPA Boards and Blogs

By Thomas Rees, CPA Few accounting rules have caused financial statement preparers and their auditors more headaches than Statement of Financial Accounting Standards No. 133 (SFAS 133), Accounting for Derivatives and Hedging Activities. The Financial Accounting Standards Board (FASB) has amended SFAS 133 several times since its initial issuance ...

By Allison M. Henry The pace of accounting standards convergence is accelerating and is being driven primarily by an investment community that is rapidly embracing International Financial Reporting Standards (IFRS), as promulgated by the International Accounting Standards Board (IASB). At the same time, technological changes, as illustrated by ...

By Dennis G. Raible, CPA Regulators at the Securities and Exchange Commission (SEC) have been keeping watch the last several years for the backdating of stock options. Nationwide, more than 140 companies are under investigation by the SEC and the Department of Justice (DOJ) for possible exploitation of employee stock option rules.1The SEC first ...

By Maria F. Boodoo, CPA Recently, there have been more reports regarding Foreign Corrupt Practices Act (FCPA) investigations as well as record-breaking fines. In the past, many FCPA fines - based on a 30-year-old law to curtail the bribery of foreign officials and governments for the purposes of obtaining business - were viewed as minute charges ...